The dollar is up against the Euro and the Japanese Yen Friday afternoon, but is down slightly against the British pound. A stronger than expected read on retail sales has provided a boost to the U.S. currency, as well as comments from a pair of top Fed officials.
Federal Reserve Chair Janet Yellen...
Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of February, according to a report released by the University of Michigan on Friday. The report said the preliminary reading on the consumer sentiment index for February came in at 90.7 compared to the final January reading of 92.0.
Reflecting increases in retail and manufacturing inventories, the Commerce Department released a report on Friday showing a modest uptick in U.S. business inventories in the month of December.
Reflecting another steep drop in fuel prices, the Labor Department released a report on Friday showing a notable decrease in U.S. import prices in the month of January. The report said import prices tumbled by 1.1 percent in January, matching the revised decreased reported for December.
Partly reflecting an increase in auto sales, the Commerce Department released a report on Friday showing that U.S. retail sales rose by slightly more than anticipated in the month of January. The Commerce Department said retail sales climbed by 0.2 percent in January compared to economist estimates for a 0.1 percent uptick.
The euro area economy continued to expand on German growth but the pace of expansion remains weak as the global economy slows, raising expectations for additional easing from the European Central Bank as early as next month. Gross domestic product climbed 0.3 percent sequentially in the fourth quarter of 2015, the same rate of growth as seen in the previous quarter, flash estimate showed.
Food prices in New Zealand climbed 2.0 percent on month in January, Statistics New Zealand said on Friday - marking the highest monthly rise since June 2013.
The January reading follows the 0.8 percent decline in December, and it marks the first positive reading in six months.
Fruit and vegetable...
The dollar is down against the Euro and the Japanese Yen again Thursday afternoon, a trend that has continued for nearly 2 weeks. Amidst a very light week for economic data, investors have focused on the testimony of Fed Chair Janet Yellen before Congress.
Yellen downplayed the possibility the central...
Following last week's mixed monthly jobs report, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits fell by more than expected in the week ended February 6th.
Sweden's central bank cuts its key interest rates deeper into negative zone on Thursday in another attempt to bring krona down and push inflation to the 2 percent target. The bank also signaled that it was willing to take rates lower from the current negative levels, among other steps such as an extension of government bond purchases and foreign exchange market interventions if the krona appreci
Interest rate announcement from Riksbank is due on Thursday, headlining a light day for the European economic news.
The dollar is extending its losing streak against the Japanese Yen Wednesday afternoon and is also down against the British pound. However, the U.S. currency is holding onto a slight gain against the Euro. The weakness in the dollar appears to be due to hypothesis that the Fed will not be able to raise...
U.K. industrial production declined at a faster pace in December, rendering the quarterly performance the worst in nearly three years, which is expected to have dragged economic growth further at the end of 2015. Industrial production fell 1.1 percent month-on-month, faster than November's 0.8 percent drop, data from the Office for National Statistics showed Wednesday.
Industrial production from the U.K. and France are due on Wednesday, headlining a light day for the European economic news.
The dollar is losing ground against all its major rivals Tuesday afternoon. Continued concerns over global growth prospects continue to drive trading action, as economic data remains on the light side.
Investors are looking forward to 2 days of testimony by Fed Chair Janet Yellen before Congress...